Comfort Gloves Bhd (XKLS:2127) Change In Receivables : RM4.8 Mil (TTM As of Mar. 2024)

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What is Comfort Gloves Bhd Change In Receivables?

Comfort Gloves Bhd's change in receivables for the quarter that ended in Mar. 2024 was RM15.2 Mil. It means Comfort Gloves Bhd's Accounts Receivable declined by RM15.2 Mil from Dec. 2023 to Mar. 2024 .

Comfort Gloves Bhd's change in receivables for the fiscal year that ended in Dec. 2023 was RM8.6 Mil. It means Comfort Gloves Bhd's Accounts Receivable declined by RM8.6 Mil from Dec. 2022 to Dec. 2023 .

Comfort Gloves Bhd's Accounts Receivable for the quarter that ended in Mar. 2024 was RM44.4 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Comfort Gloves Bhd's Days Sales Outstanding for the three months ended in Mar. 2024 was 60.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Comfort Gloves Bhd's liquidation value for the three months ended in Mar. 2024 was RM239.2 Mil.

Comfort Gloves Bhd Change In Receivables Historical Data

The historical data trend for Comfort Gloves Bhd's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Comfort Gloves Bhd Change In Receivables Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Change In Receivables

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-19.84

0.77

-54.27

70.51

8.60

Comfort Gloves Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Receivables	Get a 7-Day Free Trial															19.00	-12.47	11.99	-9.92	15.22

Comfort Gloves Bhd Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM4.8 Mil.

Comfort Gloves Bhd (XKLS:2127) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Comfort Gloves Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	44.387	/	67.205	*	91
=	60.27

2. In Ben Graham's calculation of liquidation value, Comfort Gloves Bhd's accounts receivable are only considered to be worth 75% of book value:

Comfort Gloves Bhd's liquidation value for the quarter that ended in Mar. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	253.187	-	87.695	+	0.75 * 44.387	+	0.5 * 80.855
=	239.2

Comfort Gloves Bhd Change In Receivables Related Terms

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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

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